G20

Welcome to our G20 Blog Section, here you will find information and latest news on the G20.

The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank. The finance ministers and central bank governors began meeting in 1999, at the suggestion of the G7 finance ministers in response to the global financial crisis of 1997-99.

The Group of Twenty (G20) is an international forum that brings together the world’s 20 leading industrialised and emerging economies. The group accounts for 85 per cent of world GDP and two-thirds of its population.

Much of the important business takes place on the sidelines and in informal meetings.

Membership of the G20 consists of 19 individual countries plus the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), two-thirds of the world population,and approximately half of the world land area.

Below is our list of blogs about G20.

Window ‘narrowing’ for global economy, IMF warns

The IMF has warned that ‘everyone is going to suffer’ from the US-China trade clash The window of opportunity for safeguarding global growth is “narrowing” as trade disputes deepen and emerging markets face fiscal crisis, the IMF said Saturday, warning countries against worsening things by weaponising currency and interest-rate policies. US Treasury Secretary Steven Mnuchin had downplayed the global concerns expressed at an International Monetary Fund meeting held this week in Bali under the shadow of US-China tensions, saying the…

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WTO not equipped to deal with China and its industrial policies: US

China’s economic system is not compatible with the norms of the WTO, the Trump administration has said, asserting that the international trade body is not equipped to deal with Beijing and its industrial policies. The Trump administration is also seeking to redefine the term ‘developing nations’ as countries like China, despite being the world’s second largest economy, are being considered as developing, that gives them certain benefits under the World Trade Organization (WTO). “Too many countries at the WTO self-designate…

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China-US relations: Are Trump and Xi on the brink of a new Cold War?

It is a shock for Beijing to realize that reports about an administration-wide policy initiative countering China are more than mere Washington hearsay. Since June, United States and China’s diplomatic ties have deteriorated rapidly across a range of fronts, not just trade but also military and politics. It may not be the start of the next Cold War, at least not yet, but relations between the two sides have been plunged into an unprecedented deep chill. Now Chinese President Xi…

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Playing a Bounce in Emerging Market Stocks

Chinese President Xi Jinping. Greg Baker/AFP/Getty Images Text size This past week has seen several sharp moves in volatility, as concerns about higher inflation and rising interest rates, in combination with a more hawkish Federal Reserve, have caused investors to sell stocks aggressively and reallocate some of their cash into bonds. In addition to inflation and interest-rate worries, investors have also begun to recalibrate their expectations about the duration and intensity of a trade war with China. With both the…

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Latin American Herald Tribune – G20: Persistent Trade Tensions Increasing Financial Volatility

NUSA DUA, Indonesia – The G20 said on Friday persistent trade tension within the group was affecting market confidence and increasing financial volatility. Nicolas Dujovne, finance minister of Argentina, this year’s G20 chair, said it was imperative to resolve ongoing trade disputes, at a press conference following the group’s two-day meeting held in Bali, Indonesia, on the sidelines of the International Monetary Fund and World Bank annual meetings. “International trade is an important engine of growth and we need to…

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Minister Albayrak discusses new economic program with global investors at G20 meeting

The G20 Finance Ministers and Central Bank Governors Meeting in Indonesia’s Bali was very fruitful for Turkey’s economic diplomacy, Treasury and Finance Minister Berat Albayrak said Thursday. “During our meetings with the representatives of different financial institutions, investment funds and banks, based in the U.S., Europe and Asia, we shared our New Economic Program [NEP] and policies that will increase the confidence of global investors in our country,” Albayrak said on his social media account. Albayrak on Sept. 20 announced…

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Dow soars 287 points but still suffers worst week since March :: WRAL.com

By David Goldman, CNN Business (CNN) — The stock market is on the comeback trail. After another wobbly session, the Dow soared 287 points, or 1.2%, on Friday. It was the index’s best day since August. The Dow had soared 400 points at the open before giving up most of those gains and then resuming its rally. The Dow lost 1,378 points over Wednesday and Thursday. The broader S&P 500 jumped 1.4% on Friday. The Nasdaq, which has taken the…

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Wall Street, US-China trade, currencies in focus

Overnight on Wall Street, stocks continued to dive for the second straight day. The Dow Jones Industrial Average dropped by 545.91 points to close at 25,052.83, while the S&P 500 fell by 2.1 percent to end the trading day stateside at 2,728.37 — below its 200-day moving average for the first time since April. The Nasdaq Composite also declined by 1.3 percent to close at 7,329.06. Commenting on the plunge in stocks stateside, U.S. President Donald Trump said on Thursday…

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Stocks teeter after big rally :: WRAL.com

By David Goldman, CNN Business (CNN) — Stock market volatility is back in a big way: The Dow wobbled on Friday after a two-day meltdown. The Dow had soared 400 points at the open before giving up all of those gains and then some. The Dow lost 1,378 points over Wednesday and Thursday. The broader S&P 500 was 0.2% higher. The Nasdaq, which has taken the brunt of the recent stock market turbulence, rose 0.7%. Investing experts weren’t exactly sure…

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Currency must be on the agenda, Steven Mnuchin tells China

‘Not political’ currency report Mnuchin would not discuss the findings of the currency report and declined comment on media reports that treasury staff had recommended that China not be labelled a currency manipulator. But Mnuchin emphasised that the report was based on rigorous research and data, and that the treasury’s career staff and leadership were fully aligned on currency issues. “The currency report is something we report to Congress. It is done pursuant to two separate pieces of legislation. This…

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The Finance 202: Trump says he won’t fire his Fed chair. It’s not clear he could.

THE TICKER President Trump said Thursday he is not going to fire Jay Powell, even as he continued his rhetorical assault on his handpicked Fed chair amid more stock market wreckage. But the fact that Trump even raised the specter of dumping Powell raises a surprisingly complicated question: Could he?  Fed experts say it’s less than clear. And whether Trump has the legal authority to shake up the central bank’s leadership is one matter; steering through the political storm if he tried…

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Stocks look to bounce back: Dow points to big jump

Dow futures pointed to a 360-point jump at the open. The Dow lost 1,378 points over Wednesday and Thursday. The broader S&P 500 also looked like it would rally, with futures about 0.9% higher. The Nasdaq, which has taken the brunt of the recent stock market turbulence, was set to rise 1.5%. Why are markets suddenly bouncing back? News late Thursday that President Donald Trump would meet next month with Chinese leader Xi Jinping at the G-20 summit eased some…

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China says in ‘communication’ amid report of Trump-Xi meet

China said Friday it is in contact with the United States amid reports of a planned meeting between President Xi Jinping and President Donald Trump next month following a dive in the U.S. stock market blamed partly on a growing trade war between the world’s two largest economies. Foreign ministry spokesman Lu Kang offered no specifics, but said that “I have also seen the relevant reports.” “China and the U.S. maintain communication on dialogues and exchanges at all levels,” Lu…

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China says in ‘communication’ amid report of Trump-Xi meet

China said Friday it is in contact with the United States amid reports of a planned meeting between President Xi Jinping and President Donald Trump next month following a dive in the U.S. stock market blamed partly on a growing trade war between the world’s two largest economies. Foreign ministry spokesman Lu Kang offered no specifics, but said that “I have also seen the relevant reports.” “China and the U.S. maintain communication on dialogues and exchanges at all levels,” Lu…

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G20 chair says trade tensions must be solved by…

G20 chair says trade tensions must be solved by countries involved By Reuters Published: 01:27 EDT, 12 October 2018 | Updated: 01:27 EDT, 12 October 2018 NUSA DUA, Indonesia, Oct 12 (Reuters) – Tensions remained among the G20 group on trade that must be solved among countries directly involved, said Nicolas Dujovne, chairman of the group’s finance leaders’ meeting. “We recognize we are now facing trade tensions among members of the G20,” Dujovne, Treasury Minister of this year’s G20 chair…

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Business Live: Friday 12 October

Business Live: Friday 12 October – BBC News <!–<!– <!–<!– <!–<!– <!– <!– This site is optimised for modern web browsers, and does not fully support your version of Internet Explorer Summary Get in touch: bizlivepage@bbc.co.uk Morph.toInit.bundles.push(function() { Morph.versions[“bbc-morph-lx-stream-v4@0.7.15”]={“bbc-morph-app-bridge”:”1.0.3″,”bbc-morph-classnames”:”1.0.2″,”bbc-morph-cookie-config”:”2.0.1″,”bbc-morph-cs-enriched-post”:”1.2.2″,”bbc-morph-dynamic-feature-toggles”:”1.1.1″,”bbc-morph-feature-toggle-manager”:”1.0.2″,”bbc-morph-gel-icons”:”3.0.0″,”bbc-morph-gnl-smp-adverts”:”1.1.0″,”bbc-morph-gnl-smp-analytics”:”1.1.0″,”bbc-morph-grandstand”:”5.1.2″,”bbc-morph-gs-live-pulse”:”3.4.0″,”bbc-morph-image-chef-url-transformer”:”2.1.0″,”bbc-morph-isequal”:”1.0.0″,”bbc-morph-lazysizes”:”0.2.3″,”bbc-morph-lx-adverts”:”1.0.5″,”bbc-morph-lx-commentary-data-paged”:”1.2.3″,”bbc-morph-lx-commentary-latest-paged-data”:”2.1.6″,”bbc-morph-lx-istats”:”1.1.3″,”bbc-morph-lx-reactions”:”2.2.8″,”bbc-morph-moment-ws-timezone-wrapper”:”1.0.2″,”bbc-morph-news-translations”:”2.2.2″,”bbc-morph-responsive-image-srcset”:”1.4.1″,”bbc-morph-share-tools”:”4.3.1″,”bbc-morph-smp”:”4.0.0″,”bbc-morph-ws-typography-info”:”1.0.6″,”morph-container”:”4.0.0″,”morph-require”:”3.0.17″,”react”:”0.14.7″,”react-dom”:”0.14.7″}; !function(e){function t(r){if(n[r])return n[r].exports;var o=n[r]={i:r,l:!1,exports:{}};return e[r].call(o.exports,o,o.exports,t),o.l=!0,o.exports}var n={};t.m=e,t.c=n,t.d=function(e,n,r){t.o(e,n)||Object.defineProperty(e,n,{configurable:!1,enumerable:!0,get:r})},t.n=function(e){var n=e&&e.__esModule?function(){return e.default}:function(){return e};return t.d(n,”a”,n),n},t.o=function(e,t){return Object.prototype.hasOwnProperty.call(e,t)},t.p=””,t(t.s=98)}([function(e,t){e.exports=React},function(e,t,n){“use strict”;function r(e,t,n,r,o,a,i,s){if(!e){var u;if(void 0===t)u=new Error(“Minified exception occurred; use the non-minified dev environment for the full error message and additional helpful warnings.”);else{var l=[n,r,o,a,i,s],c=0;u=new Error(t.replace(/%s/g,function(){return l[c++]})),u.name=”Invariant Violation”}throw u.framesToPop=1,u}}e.exports=r},function(e,t,n){“use strict”;var r=n(6),o=r;e.exports=o},function(e,t,n){“use strict”;function r(e,t){if(null==e)throw…

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